By Tom Maxwell In Advice, Blog, NewsPosted 18/01/2022 Paying back a Self-Employment Income Support Scheme (SEISS) grant There is a new section in the SEISS guidance called ‘If you still need to make a claim’. If you’ve not been able to make a claim due to an HMRC error or other exceptional circumstances, you must [...] 0 Read More
By Tom Maxwell In Advice, BlogPosted 18/01/2022 What’s Your Exit Strategy? The ultimate aim of every serious business person is to build a company that has value, so that it can be sold or transferred, allowing the entrepreneur to exit gracefully and profitably. [...] 0 Read More
By Tom Maxwell In Advice, Blog, News, PayrollPosted 13/01/2022 National Living Wage and National Minimum Wage rates for 2022 The UK Government have announced the rise in the National Minimum Wage and National Living Wage from April 2022. In full, the increases are: National Living Wage (23+) to increase from £8.91 to [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 12/01/2022 Cash Flow Is The Single Most Important Issue In My Business. Do you agree? Most of our clients do. In this economy CASH IS KING and managing your cash flow is more important than ever. If you are concerned about the future of your business then take some [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 10/01/2022 Over £700 million funding for businesses impacted by Omicron variant. The government have delivered over £700 million to local authorities for businesses impacted by Omicron. Companies in the hospitality, leisure, and accommodation industries, many of whom have [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 10/01/2022 HMRC announces one-month self-assessment penalty waiver HMRC has stated that for 2020/21 self-assessment tax returns submitted online by 28 February 2022, there will be no late filing penalties. However it’s worth noting that, beginning 1 [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 22/12/2021 Support for the Hospitality Sector £1 billion in support for Omicron-affected firms across the UK. Businesses in the hospitality and leisure industries in England will be eligible for one-off payments of up to £6,000 per site, [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 22/12/2021 SSP Rebate Scheme Reintroduced The government has stated that the Statutory Sick Pay (SSP) Rebate Scheme will be reintroduced, allowing firms with fewer than 250 employees and had a PAYE payroll scheme open on or before 28 [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 17/12/2021 SSP self-certification period temporarily extended Employees will be able to self-certify for up to 28 days commencing 17 December 2021, and ending 26 January 2022, thanks to a change to the Statutory Sick Pay (SSP) Regulations. This will apply [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 16/12/2021 No tax exemption for flu vaccine reimbursements The expense of vaccinations in the workplace or providing a voucher for employees to get vaccines at a pharmacy is tax-deductible since it falls within the trivial benefit guidelines. During the [...] 0 Read More